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The euro crisis: Muddling through, or on the way to a more perfect euro union?

Aizenman, J. (2014) “The euro crisis: Muddling through, or on the way to a more perfect euro union?“, VoxEU Organisation, 03 Ιουλίου.   After a promising first decade, the Eurozone faced a severe crisis. This column looks at the Eurozone’s short history through the lens of an evolutionary approach to forming new institutions. German dominance has allowed the euro to achieve a number of design objectives, and this may continue …Read More

The EU Services Directive: Gains from Further Liberalization

Fernández Corugedo. Ε. & Pérez Ruiz, Ε. (2014) “The EU Services Directive: Gains from Further Liberalization“, IMF Working Paper No. 14/113, 01 Ιουλίου.   The EU Services Directive was adopted in 2006 to foster competition in services across Europe. However, progress in liberalizing services has fallen short of expectations due to the article 15 of the Directive, which allows countries to maintain pre-existing restrictions if judged necessary to protect the …Read More

The EMS Crisis of the 1990s: Parallels with the present crisis?

Gros, D. (2014) “The EMS Crisis of the 1990s: Parallels with the present crisis?“, Economic Policy, CEPS Working Documents, 28 Μαρτίου.   The EMS crisis of the 1990s illustrated the importance of a lack of confidence in price or exchange rate stability, whereas the present crisis illustrates the importance of a lack of confidence in fiscal sustainability. Theoretically the difference between the two should be minor since, in terms of …Read More

Why Europe Needs Two Euros, Not One

Melitz, J. (2014) “Why Europe Needs Two Euros, Not One“, VoxEU Organisation, 02 Ιουλίου.   As the Eurozone cautiously implements stabilising reforms, Germany is forced to go further with concessions than it would prefer. This column suggests that it would be beneficial for discontented members to consider the formation of a second monetary union. The second euro can be constructed better than the first, bringing the discontented members exchange-rate adjustments …Read More

The new European Parliament: Workable but impaired?

Piedrafita, S. & Lannoo, K. (2014) “The new European Parliament: Workable but impaired?“, Politics and Institutions, CEPS Commentaries, 27 Ιουνίου.   Given that the new European Parliament will be more Eurosceptical, radical and fragmented than its predecessors, Sonia Piedrafita and Karel Lannoo warn that it will face even tougher constraints in building the necessary majorities to pass legislation and adopt decisions. They argue in this new Commentary that this grave …Read More

Europe’s Digital Reactionaries

Waterworth, J. (2014) “Europe’s Digital Reactionaries“, Project Syndicate, 01 Ιουλίου.   Many European politicians praise the Internet. Unfortunately, their lofty rhetoric often rings hollow. While calling for a strong digital agenda in one breath, the same politicians, supported by protectionist interests at home, often argue for putting a brake on the Internet’s “disruption” by imposing strict new regulation. Such double-talk is misguided. If Europe is to prosper in the twenty-first …Read More

The UK has been one of the main beneficiaries from free movement of labour in the EU

Favell, A. (2014) “The UK has been one of the main beneficiaries from free movement of labour in the EU“, LSE EUROPP, 01 Ιουλίου.   Free movement of labour across the EU has become a controversial issue in several European countries, with parties such as UKIP and the Front National calling for restrictions on EU immigration. Adrian Favell writes on the debate over the issue within the UK. He argues …Read More

In response: Aligning national interests in Europe’s monetary union – answering comments on my Opinion ‘Europe has wasted a good crisis

Mody, A. (2014) “In response: Aligning national interests in Europe’s monetary union – answering comments on my Opinion ‘Europe has wasted a good crisis’“, Bruegel Institute, 01 Ιουλίου.   In my opinion published on Friday, I argued that a growing east-west divide, a core-periphery rift, the rise of extremist parties and the adoption of extremist rhetoric and their policy agenda by the mainstream parties are reshaping the concept of Europe. …Read More

Strengthening EU border security won’t stop the deaths of migrants in the Mediterranean

Perkowski, N. (2014) “Strengthening EU border security won’t stop the deaths of migrants in the Mediterranean“, LSE EUROPP, 01 Ιουλίου.   On 30 June, a fishing boat containing the bodies of thirty people was found heading for Italy, once again highlighting the problem of migrant deaths in the Mediterranean. As Nina Perkowski writes, the incident came at a time when Italian Prime Minister Matteo Renzi had been pushing for the …Read More

Euroscepticism vs. political pragmatism: The Finns Party tones down its criticism of the EU

Iso-Markku, Τ. (2014) “Euroscepticism vs. political pragmatism: The Finns Party tones down its criticism of the EU“, Politics and Institutions, EPIN Commentaries, 26 Ιουνίου.   While many Eurosceptic parties in Europe achieved historical successes in this year’s EP elections, Finland’s populist Finns Party was unable to fulfil its own high expectations. With the eurozone crisis at least temporarily subsiding and Finland’s own economy struggling, the party has been unable to …Read More